Dhaka, Sept. 3 -- countries closer to North and South poles will experience warmer temperatures and once inhospitable land will experience melting of ice. Small island nations are at risk of extinction due to rising sea levels. Low-lying islands and countries are at a greater risk of flooding both from rising sea levels and increased precipitation. Countries near the equator are likely to experience unbearable heat. Some of the countries are already experiencing more frequent events of severe weather. Market economies are not the sole offenders when it comes to environmental degradation. The policies of the handful of centrally planned economies that history has witnessed led to large-scale environmental destruction.

Conventional economist...